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Money, money, money

Even with the economic doldrums, there are still money floating around for green chems and biofuel. Here are some of the recent ones that came to the blog’s attention. The blog, of course, already posted about Genomatica getting its $41.5m financing from new investor and partner Versalis as well as existing investors Alloy Ventures, Draper […]

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Genomatica Withdraws IPO

Christophe Schilling, Genomatica CEO So the blog found out yesterday that Genomatica withdraws its $100m IPO (initial public offering), which it registered with the US Security and Exchange Commission (SEC) in August last year.   Unfortunately, the news was under embargo so I was not able to post it immediately. According to Genomatica’s SEC statement […]

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Malaysia sets up Asia’s largest biorefinery site

An official from the government of Malaysia’s biotechnology investment agency BiotechCorp sent the blog an email today regarding their Malaysian ringgit (M$)170m (€42.3m, $53.3m) investment for a biorefinery complex in Kertih, in the Terengganu State, which is expected to attract foreign companies to set up shop for their cellulosic-based manufacturing facilities. The site will reportedly […]

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Brazil’s first commercial cellulosic ethanol plant

Cellulosic biomass technology developer GraalBio is planning to help build Brazil’s biorefinery industry with a R$300m ($146m) investment of a new 22m gallons/year cellulosic ethanol plant to be constructed in Alagoas using sugarcane bagasse and straw for initial feedstock. GraalBio is also developing a new type of cost-competitive biomass called Energy Cane, a cross hybrid […]

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Allylix bags BASF investment

The flavors and fragrance (F&F) market seem to be benefiting from renewable chemicals developments from players such as Amyris, Allylix and Blue Marble Biomaterials…and chemical firms also supplying the F&F market are taking notice. BASF announced on Monday that its venture capital business has invested $13.5m in Allylix, which BASF said allows them to leverage […]

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Big green chemical news

So many news came out today and I haven’t had a sip of my already-lukewarm coffee yet!    First stop, Elevance and France-based specialty chemical company Arkema announced that the companies partnered to develop and produce renewable-based specialty plastics. Elevance will supply the raw material such as its 9-decenoic methyl ester from their biorefineries (one […]

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Roquette starts bioplastic plant

Here’s a short post as I give myself a break from studying for Wednesday’s exam. France-based Roquette announced last week that it started its 25,000 tonnes/year starch-based thermoplastics production facility at its Lestrem site.   The resins, which is being marketed under the trade name Gaialene, are produced by grafting polyolefins onto modified starches. According to Roquette’s […]

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LS9 prepares fatty alcohol sales

It was a fantastic 2-day marathon attending the Jefferies Global Clean Technology conference. I was able to file 5 news articles on ICIS (subscription-based): Bio-latex rises as alternative to styrene butadiene materials Codexis interim CEO allays investor fears on management changes US Metabolix eyes smaller 10,000 tonne/year bioplastic production Dutch Avantium plans to start selling […]

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Amyris cuts production target

I actually saw tweets last week about Amyris’ announcement to scale back its 2012 farnesene “Biofene” production but I wasn’t sure if I should wait further for the company’s fourth quarter earnings results, which will be out on February 27, before posting this. However, given that I will cover NatureWorks’ bioplastic conference “Innovation Takes Roots” […]

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Renewables funding going strong

It looks like a good start for 2012 with several companies closing some good funding this month. New Zealand-based LanzaTech announced this week that it has bagged a total of US $55.8m in its series C round of financing led by the Malaysian Life Sciences Capital Fund. New investors include PETRONAS Technology Ventures Sdn Bhd […]

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